Shares of companies in the energy space are poised to buzz when markets open for trading on Monday after the first-ever auction for wind energy saw tariff plunge to a record low of Rs 3.46 per unit. One of the four successful bidders was Inox Wind, listed on the bourses. Stocks that could witness heightened activity include Suzlon Energy, NTPC, Power Grid Corporation and PFC.On Thursday (February 23), Inox Wind shares ended at Rs 178 apiece, NTPC at Rs 165, PFC at Rs 135, PGC at Rs 199 and Suzlon Energy at Rs 18 (face value of Rs 2 each). Stock markets were closed on Friday on account of Maha Shivratri.Read: Bidders push wind energy tariff to record low in India auction Suzlon Energy is one of the other companies in the wind energy space while NTPC has interests in thermal and solar power. Power Grid Corporation (PGC) is a transmission company, while Power Finance Corporation (PFC) is into funding power projects.On Friday, bidding for 1 giga watt (GW) wind energy generation saw four firms bagging contracts to produce 250 mega watt (MW) each at Rs 3.46 per kilo watt hour (kWh). The other three successful bidders were Mytrah Energy, Green Infra and Ostro Kutch Wind.Firms that were in the race but could not win included ReNew Power Ventures, Gamesa Renewables Pvt. Ltd., Hero Future Energies Ltd and RP-Sanjiv Goenka Group’s CESC Ltd.The auction was conducted by state-run Solar Energy Corporation of India (SECI).Inox Wind has three state-of-the-art manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh with a cumulative manufacturing capacity of 1,600 MW and manufactures components for wind turbine generators.The plant near Ahmedabad (Gujarat) manufactures blades & tubular towers while hubs & nacelles are manufactured at the company’s facility at Una (Himachal Pradesh). The new integrated manufacturing facility at Barwani (Madhya Pradesh) manufactures blades & towers, and will manufacture nacelles & hubs in the future, according to a company update.The company posted net profit of Rs 107 crore on total sales of Rs 1,160 crore for the third quarter ended December 31, 2016.NTPC is India’s largest power producing company, both in terms of installed capacity and output. The state-run company that generates and sells power in bulk supplies reached 48,143 MW in power generating capacity with the commissioning of the 115 MW Bhadia Solar Power project in West Bengal recently. The public sector company’s power generating capacity is almost a fourth of the country’s total.For the quarter ended December 31, 2016, its net profit and revenues stood at Rs 2,468 crore and Rs 19,395 crore, respectively.Private sector company Suzlon Energy has an installed capacity of 15.5 GW globally. In India, it has about 100 wind farms in nine states with a capacity of 10 GW.In Q3, the company earned net profit of Rs 304 crore on total turnover of Rs 3,307 crore. It sold 462 MW power during the quarter and 1,019 MW for the nine months ended December 2016.The order book as of December 31, 2016 stood at 1,231MW valued at Rs. 7,523 crore, including new orders for 557 MW in the third quarter. Suzlon Energy’s net debt excluding FCCBs was Rs 6,538 crore.read more

Share Photo via VOA Learning EnglishCopies of the book “Fire and Fury: Inside the Trump White House” by Michael Wolff.The author of an explosive new book that questions President Donald Trump‘s fitness for office on Monday contradicted Steve Bannon’s explanation of comments that had angered his former boss. The book publisher said any effort by Trump to suppress the book would be “flagrantly unconstitutional.”Michael Wolff, author of “Fire and Fury: Inside the Trump White House,” took issue with a Bannon mea culpa issued Sunday, in which Trump’s former chief strategist sought to make amends for his comments.In the book, Bannon describes a meeting between Donald Trump Jr., senior campaign aides and a Russian lawyer as “treasonous” and “unpatriotic.” The reference angered the president, who last week lashed out at Bannon, saying he “lost his mind.”Bannon sought to make amends Sunday, saying in statement his description wasn’t aimed at Trump’s son but at former Trump campaign chairman Paul Manafort.But Wolff told MSNBC’s “Morning Joe”: “it was not directed at Manafort, it was directed directly at Don. Jr.”Meanwhile, the publisher of “Fire and Fury” said any efforts to suppress the book are “flagrantly unconstitutional.”In a letter to company employees Monday and shared with The Associated Press, Macmillan CEO John Sargent wrote “no American court” would go along with President Trump should he sue to have “Fire and Fury” withdrawn.Macmillan is the parent organization of Henry Holt and Company, which released the book. A Trump lawyer last week sent a cease and letter to the publisher, demanding it be withheld. Holt responded by moving up the release date from Jan. 9 to last Friday.On Monday, Sargent said that the company would send a formal response to Trump later in the day.Wolff’s book portrays the 45th president as a leader who doesn’t understand the weight of his office and whose competence is questioned by aides. It has sparked outrage in Trump’s camp, and the president’s allies attacked the book in a round of television appearances Sunday.Chief policy adviser Stephen Miller, in a combative appearance Sunday on CNN, described the book as “nothing but a pile of trash through and through.”CIA Director Mike Pompeo said Trump was “completely fit” to lead the country.“These are from people who just have not accepted the fact that President Trump is the United States president and I’m sorry for them in that,” Pompeo, who gives Trump his regular intelligence briefings, said on “Fox News Sunday.”Nikki Haley, the U.S. ambassador to the United Nations, said she visits the White House once a week, and “no one questions the stability of the president.”“I’m always amazed at the lengths people will go to, to lie for money and for power. This is like taking it to a whole new low,” she told ABC’s “This Week.”Miller also criticized Bannon, who is quoted extensively in the book, saying it was “tragic and unfortunate” that Bannon “would make these grotesque comments so out of touch with reality and obviously so vindictive.”Bannon is chairman of Breitbart News, and his comments caused a key Bannon backer, Rebekah Mercer, the billionaire GOP donor and Breitbart co-owner, to distance her family from him.In his statement Sunday, Bannon praised Trump Jr. as “both a patriot and a good man.”“I regret that my delay in responding to the inaccurate reporting regarding Don Jr has diverted attention from the president’s historical accomplishments in the first year of his presidency,” Bannon said in the statement, which was first obtained by the news site Axios.Miller’s interview on CNN’s “State of the Union” quickly grew heated, with Miller criticizing CNN’s coverage and moderator Jake Tapper accusing Miller of speaking to an audience of one: his boss.Tapper abruptly ended the interview, saying: “I think I’ve wasted enough of my viewers’ time.”Soon after, Trump tweeted: “Jake Tapper of Fake News CNN just got destroyed in his interview with Stephen Miller of the Trump Administration. Watch the hatred and unfairness of this CNN flunky!”Trump took the extraordinary step Saturday of using Twitter to defend his fitness for office, insisting he is “like, really smart” and, indeed, a “very stable genius.” He pressed the case again on Sunday, tweeting: “I’ve had to put up with the Fake News from the first day I announced that I would be running for President. Now I have to put up with a Fake Book, written by a totally discredited author.”On Sunday, two days after the book’s release, WikiLeaks tweeted a link to an electronic image of the text. Posting the text of a book without permission would violate copyright restrictions and potentially damage sales. Yet, hours after WikiLeaks tweeted the link, “Fire and Fury” remained No. 1 on Amazon’s lists of hardcover and ebook bestsellers.read more